Bitcoin options with a nominal value of $14 billion expired today, and after closing, Bitcoin briefly broke through $97,000, showing resilience. According to Bitcoin's correlation with the Global Liquidity Index, Bitcoin is likely to reach a "partial top" above $110,000 in January, followed by a potential correction. (Cointelegraph)
L2BEAT data show that Base TVL broke through $14 billion, currently at $14.20 billion, an increase of 13.6% on the 7th, a new high. The current Ethereum Layer2 TVL is $60.04 billion, an increase of 12% on the 7th.
On October 10th, according to The Information: OpenAI will burn $340 million in the first half of 2024. OpenAI's forecast shows that the company will not be profitable until 2029, when its revenue will reach $100 billion. Before reaching that point, the company could lose as much as $14 billion by 2026, almost triple the expected loss this year, according to an analysis of data contained in OpenAI's financial filings. The estimate does not include stock compensation, which is one of OpenAI's lar...